Replies to post #1154 on Shoshone Silver/Gold Mining Co., Inc. (fka SHSH)

[EasyBet]

MrDemas, the company is located in Coeur d' Alene, ID. The DD I am most interested in uncovering is the NI 43-101 for the Kimberly and/or Rescue Mines. The 8k is filed for the LOI acquisition of the Strand Mine and includes some details.

I asked Lex Smith to send me a copy of the 43-101 and the response is it is currently being updated. I informed him that it would be a good idea to determine if the report was filed with Sedar and if not, why? Probably not because SHSH is a U.S. company. If not a Canadian company the NI report designation cannot be used for a U.S. based company and all reference to the NI should be removed from promotional materials and the report itself.

It is a good idea to research all ownership and transaction history for all claimed properties but I think that is a little early for me to dig in that deep.

The events that have occurred over the last six months seem to be building to the realistic expectation of silver and gold production within 3 to 6 months from existing previously operating mines. With all this and an annual meeting last week at least the aura of legitimacy has been created.

All this good stuff has knocked a nickle off the pps. I'm not surprised. Serious investors should now be looking hard at this company and digging into the real story.

Time permitting so will I while I accumulate my position.

[EasyBet]

MrDemas, it looks like half the silver at the Strand Mine is near the surface. It seems that the resource has been scientifically defined. The NI report for Kimberly results reported on the website is pretty phenomenal but this is an underground mine with shafts chasing veins all over the place. Without gold prices where they are it wouldn't be feasible.

400 things can go wrong in any mining operation. Mining is a lot more expensive than promoters will tell you. Exploration is extremely expensive. It is easy to fall for the hype. Maybe it shouldn't be so strange but legit companies and scams look exactly alike in the early development stages.

More than half of all start ups will fail to find defined resources. They will mine your wallet until they fold the tent or morph into something else or sell off or merge assets. 95% of all core samples will produce nothing commercially viable..

There have been 100s if not 1000's of resource studies conducted on claims just about everywhere you can think of and most of them are scientifically questionable.

To say the odds are stacked against you in this business is an understatement.

I have been scammed and I know it. I have blindly bought in to wild scenes and I know it. I have gotten to the point where I think I can smell a rat but also separate the wheat from the chaff. So far, SHSH smells good to me but that opinion could change on a dime. In the meantime, I will build my position. My long term exit strategy is $3 to $6 per share.